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The division bench of Justices M.Duraiswamy and R.Hemlatha noted that Carbon Credit is not an offshoot of business, but an offshoot of environmental concerns. No asset is generated in the course of business, but it is generated due to environmental concerns. It was also found that the carbon credit is not even directly linked with the power generation and the income is received by sale of the excess carbon credits.
by Sekar Reporter · Published May 18, 2021
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JUDICIAL EXAMINATION/MAGISTRATE/ MUNSIF* *SUBJECT* : *THE INDIAN PENAL CODE,1860 AND TRANSLATION.* *
by Sekar Reporter · Published January 22, 2022